Gold Plows Toward Its Strongest Season
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As investors across all asset classes limp toward the end of 2018, gold is approaching what has been a reliably strong season in recent years.
Since 2013, there’s been a more than 80 percent chance of a positive return in gold prices in January. And in the past two years, the best-performing producers of the precious metal have returned as much as 40 percent during the period, according to National Bank Financial analyst Mike Parkin. The strength is linked to demand from Asia, where giving gold as gifts is customary during the Chinese New Year, he said.